Gold IRAs are becoming increasingly popular among conservative investors. Mounting federal debt and the rise of the euro and Chinese renminbi as serious competitors to the dollar as potential global reserve currencies have investors hedging against the dollar and looking to protect their retirement portfolios against inflation. Gold prices rose 24% during the calendar year 2020, and are trending upwards as of this writing in early 2021.

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Many people confuse the national debt with the deficit. True, they are important budgetary terms. But they are very different concepts: The term “debt” refers to the company balance sheet, while “deficit” is a cash flow concept.

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The United States had a bad debt problem going into 2020 – and it got a lot worse.

As of August 2020, the public debt of the United States amounted to more than $26.72 trillion. More than $3 trillion of that debt was larded on since February, thanks to a rapid economic contraction due to the COVID-19 pandemic and substantial stimulus spending as Congress and the Treasury tried to keep the economy from going into a general meltdown.

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When markets are perceived to be uncertain, investors look to lower their portfolio risk levels and migrate towards traditional ‘safe-haven’ assets. They do this by selling stocks, lower-rated bonds and other risky assets and shifting money towards other asset classes that have historically held up during times of recession, uncertainty and crisis.

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An SDIRA is a retirement savings, or investment account that differs from a standard IRA by allowing a wider array of assets to be invested. This type of account also places the control of the account in the account holder’s hands alone.

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